Tribhovandas Bhimji Zaveri IPO

Tribhovandas Bhimji Zaveri IPOTribhovandas Bhimji Zaveri, a popular as well as trusted jewelry retailer in India, has filed DRHP with the SEBI for a public issue of 16666667 equity stocks of face value of Rs 10 every for cash at a price (including a share premium for each equity stock) to be decided via a 100percent book-building procedure.

The IPO issue will comprise 25per cent of the post Issue paidup capital of the firm.

The proposed Initial public offering is being built via a 100per cent book building process in which not more than 50per cent of the issue should be allotted on a proportionate base to qualified-institutional-buyers (QIB) bidders. Offered that the firm may assign up to 30per cent of the qualified-institutional-buyers part to anchor investors on a discretionary base of that one-third shall be available to domestic mutual funds.

more ipo update come later………..


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